net flow of goods (exports minus imports) between two countries. Bloomberg Financial Dictionary
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The difference between a country's imports and exports. Chicago Mercantile Exchange Glossary
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1. the part of a country's balance of payments that relates to the value of goods and services imported and exported; = TRADE BALANCE:
• The overall balance of trade in the UK is improving as a result of the strong currency.
2. the difference in the total value of imports and exports between two countries or areas:
• The US and Europe sell nearly $100 billion worth of goods and services a year to each other. For the moment, the balance of trade is in the US's favor.
ˌadverse ˌbalance of ˈtrade also ˌadverse ˈtrade ˌbalance ECONOMICS
when the value of a country's imports is greater than the value of its exports
ˌfavourable ˌbalance of ˈtrade , favorable balance of trade ECONOMICS
when the value of the country's exports is greater than the value of its imports
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Monetary record of a country's net imports and exports of physical merchandise. It can be negative, showing that a country is importing more than it exports, or positive, showing it exports more than it imports.
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balance of trade UK US noun [singular] (also trade balance, also visible balance)
► ECONOMICS the difference between the money that a country receives from exports and the money it spends on imports: »
Official figures yesterday showed the balance of trade in goods plunged to a record deficit.
»balance of trade deficit/surplus
»adverse/favourable balance of trade
Financial and business terms. 2012.